The new utility tax will cost Magyar Telekom serious billions

It is feared that part of the tax will be paid by users at the end of the line. The Company reported a HUF 7,2 billion utility tax liability for 2013 in the tax return. The tax liability and the actual cost of the tax will be booked in the first quarter of 2013 based on the condition of the taxable infrastructure as of January 2013, 1. The tax is paid in two equal installments, in March and September.